BEIJING: China’s automaker Nice Wall Motor stated on Monday it has invested in auto chip startup Horizon Robotics and can collectively develop good automobile applied sciences.
Nice Wall stated in an announcement that it could develop autonomous driving, good automobile cockpit with Horizon Robotics, which just lately raised over $550 million from traders together with CATL.
Baoding-based Nice Wall, which works with Qualcomm on autonomous driving car chips, declined to reveal funding quantity.
Chip provide scarcity paused auto manufacturing globally. Automakers from Normal Motors to Stellantis and Honda Motor are shutting meeting traces because of the shortages, which in some instances have been exacerbated by the previous U.S. administration’s sanctions in opposition to Chinese language chip factories. Some companies have additionally furloughed employees.
Asian chipmakers are dashing to develop their manufacturing capability to fulfill a world scarcity, however the companies warn that the provision hole could take many months to plug as they wrestle to maintain up with sturdy demand.
